Are smart cities global cities? A European perspective

Typical of the 1990s, the global cities phenomenon preceded the past decade’s massive spread of smart cities. Yet the question of how the two phenomena currently coincide remains to be considered, as well as an analysis based on viewing smart cities as global cities. An analysis related to the European scenario is developed in this article, aimed at giving a response to the previous considerations. An index is also proposed; concerning the global character of the cities, it considers the ability of the cities to attract Foreign Direct Investments (FDI). Results of the proposed analysis show that in Europe four main scenarios exist. Two regarding positive and negative correlations between the diffusion of global and smart cities, and another two scenarios demonstrate cases in which the two features are not correlated. The first two cases are respectively related to smart cities that are also global cities. The last two cases deal with the presence of different drivers that are not related to smart urban plans, which could, however, drive the attraction of FDI or which could also promote smart actions without the thrust of FDI. Correlation and regression analyses complement the work.